HF Markets has added a Copy Trading Pro Account offering to attract experienced traders and introduced the Japanese yen as a base currency for African investors.
As trading in the forex market has grown, the copy trade system has become a trend among retail traders and investor space, including experienced traders, to earn passive income. The forex broker news this time comes from HF Markets' copy trading feature.
Multi-asset HF Markets renews its copy trading services by unveiling the Copy Trading Pro Account to meet the growing market demand. Meanwhile, adding the Japanese yen as a base currency brings new features to the African community.
This low minimum deposit broker is known for having excellent trading conditions on most of its 3500 instruments.
With the Pro Account, the copy trading service gives strategy providers new possibilities using the tools available through HFcopy. Furthermore, there are advanced interface features to help users follow more experienced investors and automate the process of copying positions.
Based on its official website, HFM highlights a standard copy trading service that is not much different from similar services from competing trading platforms. However, the Financial Times has contacted HFM marketing head Chrystanthos Kanari, including uses and merits, for more information.
Additionally, the low spreads broker launched, introducing the Japanese yen as the default currency in its portfolio in addition to Pro accounts. As a result, South African and Kenyan investors can follow signal providers and strategies in any country, regardless of the laws of that country.
"This is especially important for retailers in Kenya and South Africa, as it means the list of strategic suppliers to follow is growing exponentially," explains Kanari.